Fashion Brands Relocate to 5 Penn Plaza
A pair of apparel brands are moving to 5 Penn Plaza in the fourth quarter. Sports-performance Puma is relocating its headquarters from 209 W. 38th St., and will also open an expanded sales office and showroom within the space; while online clothing subscription service Gwynnie Bee is also slated to occupy its 5 Penn space in Q4.
Both tenants have committed to full-floor leases of 28,977 square feet apiece. Both will move into pre-built space designed by Gensler.
CBRE’s Peter Turchin said the two new deals attest to “the diversity of the tenant base at Five Penn Plaza, and to the direction that building ownership continues to move in attracting top-tier companies to the property.” Along with his colleagues Jason Pollen and David Caperna, Turchin represented building owner Haymes Investment Co.
JLL’s Bob Gibson, Jim Wenk and Kirill Azovtsev represented Puma. NKF’s Robin Fisher and Christie Bennett represented Gwynnie Bee.
For comments, questions or concerns, please contact Paul Bubny